Asian Performing Arts of Colorado Inc

EIN: 841042287 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$698,818
Total Expenses
$684,577
Total Assets
$500,011
Net Assets
$406,117
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CO
Principal Officer
Martha Liao
Phone
2125796893
Tax Period
2018-01-01 to 2018-12-31

Asian Performing Arts of Colorado Inc, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $699K in total revenue in fiscal year 2018. Revenue surged 68% from the prior year, signaling strong growth momentum.

Mission

To promote cultural exchange and educational programs between U.S. and Asia.

Program Service Accomplishments

Program 1
Expenses: $449,097 Revenue: $473,926

IS2018! is the ISing! International Young Artists Festival, held in Suzhou, China during the month of August. The show is called "The Story of ISing!". The show is presented as a musical, with...

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IS2018! is the ISing! International Young Artists Festival, held in Suzhou, China during the month of August. The show is called "The Story of ISing!". The show is presented as a musical, with singing and dancing and an elaborate stage inculding LED stage sets. This production is the largest event APAC performs, beginning in 2011. APAC auditions singers from the United States, China and other countries. Five performances were held in 2018. Three were held in Suzhou, China, one in Shanghai, China and one in Beijing, China. A total of 6,000 people attended all the performances, which is a record high from previous years.

Program 2
Expenses: $21,554 Revenue: $0

CCTV CNY gala was a Chinese New Year gala show on CCTV. CCTV is the largest and most viewed TV station in China. This show is the most watched show by all Chinese around the world.

Program 3
Expenses: $75,939 Revenue: $64,632

ISing! San Francisco is a concert held on June 30,2018. 800 people attended the show. This show was written up in several newspapers throughout the San Francisco bay area.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $642,397
Program Service Revenue $53,382
Investment Income $3,039
Other Revenue $0
TOTAL REVENUE $698,818

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $671,485
Other Expenses $672,577
TOTAL EXPENSES $684,577

Year-over-Year Comparison

2018 2017 Change
Revenue $698,818 $416,884 +0.7%
Expenses $684,577 $347,633 +1.0%
Net Income $14,241 $69,251 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
15
$4,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Denise Gliwa Director 20.00
Director
$4,000 $0 $4,000
Jennifer Heglin Director 2.00
Director
$0 $0 $0
Johnny Hsu Director 2.00
Director
$0 $0 $0
Woon Ki Lau Director 2.00
Director
$0 $0 $0
Paul Reamsey Director 2.00
Director
$0 $0 $0
Gayle Ray Director 2.00
Director
$0 $0 $0
Lily Shen Director 2.00
Director
$0 $0 $0
Nancy Elkind Director 2.00
Director
$0 $0 $0
Gregory Smith Director 2.00
Director
$0 $0 $0
Jan Steinhauser Director 5.00
Director
$0 $0 $0
Isabelle Yu Director 2.00
Director
$0 $0 $0
Anne Fleming Director 2.00
Director
$0 $0 $0
Dr Lawrence Chen Director 2.00
Director
$0 $0 $0
Sharon Scott Director 5.00
Director
$0 $0 $0
Dennis Zhang Director 5.00
Director
$0 $0 $0
Martha Liao President 30.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $698,818 $684,577 $500,011 $14,241
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